BREAKING NEWS
This content is not available in your region

ECB has asked banks to fully cover impaired loans by around 2026-paper

ECB has asked banks to fully cover impaired loans by around 2026-paper
FILE PHOTO: The headquarters of the European Central Bank (ECB) and the Frankfurt skyline with its financial district are photographed on early evening in Frankfurt, Germany, March 25, 2018. REUTERS/Kai Pfaffenbach/File Photo   -   Copyright  Kai Pfaffenbach(Reuters)
Text size Aa Aa

MILAN (Reuters) – The European Central Bank has asked lenders under its oversight to put aside more money to fully cover their impaired loans by around 2026, a source-based report in Italian newspaper Il Sole 24 Ore said on Tuesday.

The report focused in particular on Italian banks, saying the country’s lenders were burdened by the highest amount of impaired loans in Europe.

The banks could not comply with the regulator’s request if they were able to explain why, the paper also said.

(Reporting by Francesca Landini; Editing by Kim Coghill)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.